Los Alamitos Flex/Industrial
For Sale
$2,859,500
10602 Humbolt Street, Los Alamitos, CA 90720
6,020 SF flex/industrial property in Los Alamitos, CA.
Property Size6,020 SF
Price / SF$475
Days on Market161
Property Features for 10602 Humbolt Street
General Information
Standard status
Active
Size
6,020 SF
Property subtype
Industrial
Building Details
Building Size
6,020 SF
Year Built
1979
Properties For Sale
at 10602 Humbolt Street Contact us- Size
- 6,020 SF
Available Space
Listing Agency:
DAUM Commercial Real Estate Newport Beach
Listed By:
Gavin Denniston · License #CA 01837752
(949) 242-1711
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Sep 10 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DAUM Commercial Real Estate Newport Beach
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 6,020 square foot flex/industrial property located in Los Alamitos, California. The property is suitable for flex space, industrial, warehouse, and office uses. It can accommodate office units and other warehouse purposes.
Key Highlights
- 6,020 SF flex/industrial property
- Located in Los Alamitos, CA
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,530
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,190,600
$2.2M
Cap Rate 7%
$1,564,714
$1.6M
Cap Rate 9%
$1,217,000
$1.2M
Market Conditions
NOI Build-Up for 6,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$200.1K $33.24/SF
− Vacancy
−$31.6K −$5.25/SF
EGI
$168.5K $27.99/SF
− OpEx
−$59.0K −$9.80/SF
NOI
$109.5K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,190,600
Cap Rate 7%
$1,564,714
Cap Rate 9%
$1,217,000
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.83M
NOI $109,530 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$1.01M
$879.4K – $1.17M
NOI $70,350 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,540 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,136
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90720, CA
22,955
Population
8,675
Households
2.6
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$134,232
Median Household Income
$63,406
Median Earnings
$2,370
Median Rent
$1,166,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - 6,020 SF flex/industrial property in Los Alamitos, CA.
Where is this flex space located?
The property is located at 10602 Humbolt Street Los Alamitos, CA.
What is the asking price?
The asking price for this property is $2,859,500.
What are key features of this property?
This property features: 6,020 SF flex/industrial property; Located in Los Alamitos, CA; Built in 1979
